Global

October 29, 2020 @ 11:00 am By JD Alois  |  

This past Tuesday, INX Limited announced that it has agreed to acquire Openfinance, a FINRA regulated broker-dealer and alternative trading system (ATS) in the digital security market. INX Limited is a Fintech with a vision of redefining the world of regulated security tokens and crypto… Read More

October 29, 2020 @ 8:18 am By JD Alois  |  

Draper Esprit (LSE: GROW, Euronext Growth: GRW), a venture capital firm that invests in a variety of digital businesses including Fintechs, has posted a mid-year update regarding its portfolio ahead of results scheduled for release on November 30, 2020. According to Draper Esprit, it has… Read More

October 29, 2020 @ 7:57 am By Omar Faridi  |  

UK-based Modulr, a Payments as a Service API Platform for digital businesses, has introduced physical cards that are now available via its platform. The Modulr team noted: “Following popular demand, we have launched a card-issuing API, completing an end-to-end, one-stop solution for an entire card… Read More

October 29, 2020 @ 12:24 am By JD Alois  |  

CrowdProperty reports that it has now lent over £100,000,000 to SME property professionals. This number includes more than 1,100 homes with a value over £200 million. CrowdProperty states that these loans have enabled over £80 million spent on labor, materials, and other services  – thus… Read More

October 28, 2020 @ 9:19 pm By JD Alois  |  

Prospa Group Limited (ASX: PGL) has posted a trading update for the quarter ending September 30, 2020 (1Q21). Prospa is an online lender serving Australian and New Zealand SMEs. According to Prospa total loan originations during Q1 came in at $80 million up 265% on… Read More

October 28, 2020 @ 7:21 pm By Omar Faridi  |  

Cybersecurity firm Halborn has reportedly given Avalanche wallet a “stamp of approval” after extensively testing the wallet’s security systems. Halborn, a cybersecurity team focused on blockchain or distributed ledger tech (DLT)-based platforms, has performed an extensive security audit of the Avalanche wallet. The company also… Read More

October 28, 2020 @ 12:05 pm By JD Alois  |  

Stax, an online capital formation platform, is claiming to be the first marketplace in Australia to receive investments paid in crypto in advance of an initial public offering (IPO). Stax seeks to crowdfund offerings with both AUD and crypto. West Coast Aquaculture Group Ltd (WCA)… Read More

October 28, 2020 @ 11:20 am By JD Alois  |  

Medici Ventures has invested $8 million into Bitt, a Barbados-based company. The equity investment into Bitt effectively gives Medici control of the company. Medici Ventures is a wholly-owned subsidiary of Overstock (NASDAQ:OSTK) that focuses on blockchain technology. Bitt was founded in 2013 as an infrastructure… Read More

October 28, 2020 @ 10:29 am By Omar Faridi  |  

UK-based businesses might be “sleepwalking” into a major payments crisis, according to a recent report from Modulr, a Payments as a Service API Platform for digital businesses. The report reveals that payment processes cost UK businesses a substantial £1.5m (or 12% of Opex) with costs… Read More

October 28, 2020 @ 10:19 am By JD Alois  |  

Assetz Capital, a peer to peer lender that originates secured loans, has received an additional £25 million from the British Business Bank for the UK Coronavirus Business Interruption Loan Scheme (CBILS). In March, Assetz Capital received £15 million from the British Business Bank to help… Read More

October 28, 2020 @ 9:27 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading research institute covering the global Fintech sector, has partnered with the World Bank on a study reviewing the impact of COVID-19 on Fintech and regulation. As finance is one of the most regulated sectors of industry… Read More

October 28, 2020 @ 7:55 am By Omar Faridi  |  

As Bitcoin (BTC) approaches the $14,000 mark, the “institutional wave” continues and the global financial markets experience uncertainty around US fiscal stimulus, according to a report from OKCoin. The San Francisco-based crypto exchange notes that Bitcoin price has surged during the past week as “a… Read More

October 28, 2020 @ 7:53 am By Omar Faridi  |  

Jose Luis Elechiguerra, Head of Client Solutions at BBVA US (NYSE:BBVA), which is originally a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, suggests that banks should “lean on a digital footprint as much as a… Read More

October 28, 2020 @ 12:02 am By JD Alois  |  

Zopa, formerly a peer to peer lender and now a regulated digital bank, has launched its first credit card that is said to be designed to help customers stay in control of their money and their debt. Zopa says its credit card provides a feature called ”Safety Net”  which allows customers to lock… Read More

October 27, 2020 @ 10:55 pm By Omar Faridi  |  

Indorse (IND) is now available on Kyber Network, a protocol that facilitates automated, “decentralized,” instant, and low-cost exchanges of Ethereum-based digital assets. As noted in the announcement, Indorse will be running an Automated Price Reserve for the IND token on Kyber Network. As confirmed by… Read More

October 27, 2020 @ 10:19 pm By JD Alois  |  

Paytia, has raised £1.2 million in a “pre-series A seed” round led by Bloc Ventures. Paytia is a specialist firm that enables businesses to take payments over the phone in a compliant manner. Founded in 2016 in Southampton, Paytia’s technology is said to ensure that… Read More

October 27, 2020 @ 5:33 pm By Omar Faridi  |  

Dr. Joshua Ellul, the Chairman of Malta Digital Innovation Authority and Director of Centre for DLTs, University of Malta, and his colleagues have authored a new paper, titled “Towards Configurable and Efficient Runtime Verification of Blockchain Based Smart Contracts at the Virtual Machine Level.” The… Read More

October 27, 2020 @ 3:40 pm By Samantha Hurst  |  

  Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday it has extended its Asia-Pacific footprint by launching its “all-in-one” payment capabilities in South Korea. Rapyd teamed up with Korean payment service providers KCP, PayLetter, and others to provide access to South… Read More

October 27, 2020 @ 2:43 pm By Samantha Hurst  |  

Nium, a global financial technology infrastructure platform, announced on Tuesday it is expanding its services into Africa. According to Nium, the expansion will be led by newly appointed executive Dana Nino (Senior Vice President for Global Growth, Customer Success, and Partnerships) and will be supported… Read More

October 27, 2020 @ 9:43 am By JD Alois  |  

JPMorgan’s (NYSE:JPM) JPM Coin is being used live today by a “large international technology company that is using it for round-the-clock cross-border payments,” according to a report. JPM Coin was revealed back in early 2019. More of a stablecoin, the digital currency is viewed as… Read More